It’s only a few months until tax season. With the recent overhaul of the United States tax law passed by the Trump administration, taxes may seem a bit more confusing this year. Although the overhaul’s most significant changes won’t affect your 2017 returns, there are still several important things to learn about the new tax code. There will be many changes to take into consideration, and making a mistake on your return could mean big consequences.
What you should know about filing taxes for 2017
It's never too early to think about taxes. Sure, there are plenty of things that are much more pleasant to think about, like root canals or traffic jams. But getting a jump on your 2017 taxes is a great idea--the sooner you finish them, the sooner you can relax.
What to expect when filing for Chapter 7
You wake up in the middle of the night thinking about your overdue taxes or other debt. You have maxed out your credit cards to pay medical bills or simply keep groceries in the house. You have borrowed from friends or family to stave off creditors like the IRS. You and your spouse argue constantly about money. Does this sound like you?
Debunking some common myths about tax audits
When many people imagine a tax audit, they picture shadowy IRS agents combing through tax returns to seize upon every tiny flaw. This misconception couldn’t be further from the truth. No one looks forward to a tax audit, but the process is not necessarily as painful as you may think. To demystify the process, let’s take a look at some common myths—and facts—regarding tax audits.
How will the tax overhaul affect your estate planning?
Death and taxes are two things that no one likes to think about. According to the old saying, however, they are the only two things that are certain in life. Taxes have been on many people's minds recently due to the massive tax overhaul passed by the Trump administration in December of last year.
